Procurement Agent
Salary

Procurement Agents in the United States take home approximately $54K per year on average. In the world of Procurement Agents, overall cash allowance can occasionally include more than $5K from bonuses and, in some exceptional cases, $5K from profit sharing, causing incomes to vary widely between $34K and $80K. Location and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Procurement Agents. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. The numbers in this rundown were provided by PayScale's salary survey participants.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

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Job Description for Procurement Agent

A procurement agent is responsible for buying high-quality items for clients at the lowest possible prices and in the correct amount. They also prepare purchase orders and solicit bid proposals, as well as review requests for goods while making sure items' suppliers offer appropriate pricing, selection, support, and reliability. The procurement agent must also follow all local laws and regulations related to purchasing and selling items, as well as negotiate and renegotiate contracts with vendors or suppliers as necessary. They must also keep their supervisors informed of their progress and provide business transaction logs, information on contract changes, and updates on item shipments.

The procurement agent is also responsible for hiring, training, and supervising clerks. They may need to hire other buyers and supervise them, ensuring the subordinate agents meet all pricing and quality standards within deadlines. Additionally, the procurement agent is responsible for going to trade shows and conferences, along with seminars to find potential suppliers and develop contracts with them.

Procurement agents generally must have at least a bachelor's degree in finance, business, or a related field. They must have excellent leadership skills, proficiency with basic computer programs, and good communication skills. Fluency in a language in addition to English may be required or preferred if the procurement agent works with suppliers in countries that speak other languages.

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Popular Skills for Procurement Agent

This chart shows the most popular skills for this job and what effect each skill has on pay.

Survey participants wield an impressively varied skill set on the job. Most notably, facility with Contract Management, Supplier Management, and Program Management are correlated to pay that is significantly above average, leading to increases of 44 percent, 31 percent, and 27 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Inventory Management and Materials Requirement Planning. The majority of those who know Contract Negotiation also know Negotiation.

Pay by Experience Level for Procurement Agent

Median of all compensation (including tips, bonus, and overtime) by years of experience.

More years of relevant experience do not necessarily translate to higher paychecks. Survey participants with less than five years' experience pocket $48K on average, but those with five to 10 years of experience enjoy a much bigger median of $56K. Procurement Agents with one to two decades of relevant experience report an average salary of approximately $57K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Procurement Agent with more than 20 years of experience can earn $66K on average.

Pay Difference by Location

Home to some of the best pay for Procurement Agents, Mesa offers exceptional salaries, 34 percent above the national average. Procurement Agents will also find cushy salaries in Philadelphia (+31 percent), Renton (+26 percent), Los Angeles (+26 percent), and Washington (+22 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Atlanta. Workers in Miami and St. Louis earn salaries that trail the national average for those in this profession (8 percent less and 1 percent less, respectively).